The Dominican Republic's Pensions Superintendency (SIPEN) published remarks by Superintendent Francisco A. Torres outlining a pension reform option under discussion in possible changes to Law 87-01 that would give people with at least 15 years of contributions a guaranteed lifetime pension adjusted for inflation. Torres said the measure would create a minimum pension floor for that group rather than fix the full pension amount, and stressed that nothing has been decided. He said the current system uses 30 years of contributions as the benchmark for building sufficient retirement savings, but few workers reach that level because of labour informality and contributors pay in only about 40 percent of the time on average. Another idea being evaluated would allow people below the 15 year threshold to buy additional contribution periods with extra savings.
Pensions Superintendency (SIPEN)2026-05-21
Dominican Republic's Pensions Superintendency outlines reform option for inflation linked lifetime pension floor after 15 years of contributions
The Dominican Republic’s Pensions Superintendency (SIPEN) outlined a pension reform option under discussion that would grant contributors with at least 15 years of contributions a guaranteed, inflation-adjusted lifetime pension as a minimum floor, while stressing that no decision has been taken. Superintendent Francisco A. Torres noted that the current 30-year contribution benchmark is rarely met due to labour informality and said authorities are also evaluating allowing those below 15 years to buy additional contribution periods.